Rathbones Group's (RAT) "Outperform" Rating Reiterated at Royal Bank Of Canada

Key Points

• The Royal Bank of Canada has reaffirmed an **"outperform" rating** for Rathbones Group (RAT) and set a target price of **GBX 2,050**, suggesting a potential upside of **13.01%** from the stock's previous close.
• Rathbones’ stock has a recent trading value of **GBX 1,814** with a 52-week low of **GBX 1,374** and a high of **GBX 1,970**; the company has a market capitalization of **£1.91 billion**.
• Insider Clive Bannister recently bought **12,500 shares** at an average price of **GBX 1,929**, indicating insider confidence in the company's future performance.

Rathbones Group (LON:RAT - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Royal Bank Of Canada in a research report issued on Thursday,Digital Look reports. They presently have a GBX 2,050 target price on the stock. Royal Bank Of Canada's target price points to a potential upside of 13.01% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Shore Capital reaffirmed a "buy" rating and issued a GBX 2,200 price target on shares of Rathbones Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 2,000 price objective on shares of Rathbones Group in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 2,084.25.

Rathbones Group Price Performance

LON RAT traded down GBX 34 during trading hours on Thursday, hitting GBX 1,814. The company had a trading volume of 23,433,805 shares, compared to its average volume of 253,518. Rathbones Group has a 52 week low of GBX 1,374 and a 52 week high of GBX 1,970. The firm has a 50 day simple moving average of GBX 1,844.12 and a 200 day simple moving average of GBX 1,732.42. The company has a debt-to-equity ratio of 7.87, a quick ratio of 0.14 and a current ratio of 1.16. The firm has a market capitalization of £1.91 billion, a price-to-earnings ratio of 3,069.37, a PEG ratio of -26.52 and a beta of 0.65.

Rathbones Group (LON:RAT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported GBX 75.60 EPS for the quarter. Rathbones Group had a return on equity of 4.66% and a net margin of 7.25%. Equities research analysts expect that Rathbones Group will post 174.9287749 earnings per share for the current year.

Insider Activity at Rathbones Group

In other Rathbones Group news, insider Clive Bannister bought 12,500 shares of Rathbones Group stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of GBX 1,929 per share, with a total value of £241,125. Also, insider Iain Cummings purchased 47 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The shares were purchased at an average price of GBX 1,810 per share, for a total transaction of £850.70. Insiders have bought 12,596 shares of company stock worth $24,288,496 over the last three months. Insiders own 1.53% of the company's stock.

Rathbones Group Company Profile

With roots dating back to 1742, Rathbones is one of the UK's leading providers of investment and wealth management services for private clients (individuals and families), charities, trustees and professional partners. Rathbones' purpose is to help more people invest their money well, so they can live well. Rathbones has been trusted for generations to manage, preserve and grow clients' wealth and services include discretionary investment management, fund management, tax planning, trust and company management, financial advice and banking services.

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